Brokerages expect that CrossAmerica Partners LP (NYSE:CAPL) will report $0.08 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have made estimates for CrossAmerica Partners’ earnings. The lowest EPS estimate is ($0.02) and the highest is $0.14. CrossAmerica Partners also reported earnings per share of $0.08 in the same quarter last year. The firm is expected to announce its next earnings report after the market closes on Monday, August 7th.

On average, analysts expect that CrossAmerica Partners will report full-year earnings of $0.27 per share for the current fiscal year, with EPS estimates ranging from ($0.04) to $0.57. For the next year, analysts forecast that the firm will report earnings of $0.44 per share, with EPS estimates ranging from $0.11 to $0.72. Zacks’ earnings per share averages are an average based on a survey of analysts that cover CrossAmerica Partners.

CrossAmerica Partners (NYSE:CAPL) last posted its earnings results on Monday, May 8th. The oil and gas company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.01. CrossAmerica Partners had a return on equity of 3.91% and a net margin of 0.44%. The company had revenue of $469.29 million during the quarter, compared to analysts’ expectations of $494.04 million.

Several analysts have commented on the stock. Zacks Investment Research lowered shares of CrossAmerica Partners from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub lowered shares of CrossAmerica Partners from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Raymond James Financial, Inc. increased their price target on shares of CrossAmerica Partners from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Bank of America Corporation lowered shares of CrossAmerica Partners from a “buy” rating to a “neutral” rating and increased their price target for the company from $28.00 to $30.00 in a research report on Wednesday, July 26th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $27.00 price target on shares of CrossAmerica Partners in a research report on Thursday, April 13th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. CrossAmerica Partners has an average rating of “Hold” and a consensus target price of $30.00.

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Institutional investors have recently made changes to their positions in the stock. OppenheimerFunds Inc. raised its position in shares of CrossAmerica Partners by 11.3% in the first quarter. OppenheimerFunds Inc. now owns 3,036,037 shares of the oil and gas company’s stock valued at $79,483,000 after buying an additional 307,680 shares during the last quarter. Welch Capital Partners LLC NY raised its position in shares of CrossAmerica Partners by 67.5% in the second quarter. Welch Capital Partners LLC NY now owns 99,871 shares of the oil and gas company’s stock valued at $2,547,000 after buying an additional 40,246 shares during the last quarter. Global X Management Co. LLC raised its position in shares of CrossAmerica Partners by 5.5% in the second quarter. Global X Management Co. LLC now owns 298,352 shares of the oil and gas company’s stock valued at $7,608,000 after buying an additional 15,577 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of CrossAmerica Partners by 21.3% in the first quarter. Janney Montgomery Scott LLC now owns 59,521 shares of the oil and gas company’s stock valued at $1,558,000 after buying an additional 10,471 shares during the last quarter. Finally, Ameriprise Financial Inc. bought a new position in shares of CrossAmerica Partners during the first quarter valued at approximately $265,000. 37.14% of the stock is owned by hedge funds and other institutional investors.

CrossAmerica Partners (NYSE:CAPL) traded down 0.57% during midday trading on Friday, hitting $26.23. 33,881 shares of the stock traded hands. The company has a market cap of $884.63 million, a price-to-earnings ratio of 125.50 and a beta of 1.34. The firm’s 50-day moving average is $26.17 and its 200-day moving average is $25.67. CrossAmerica Partners has a 52-week low of $23.01 and a 52-week high of $29.80.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, August 7th will be given a $0.6225 dividend. This is a positive change from CrossAmerica Partners’s previous quarterly dividend of $0.51. This represents a $2.49 annualized dividend and a dividend yield of 9.49%. The ex-dividend date is Thursday, August 3rd. CrossAmerica Partners’s dividend payout ratio (DPR) is presently 1,245.06%.

About CrossAmerica Partners

CrossAmerica Partners LP is a limited partnership engaged in the wholesale distribution of motor fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuel. The Company operates in two segments: wholesale and retail. The wholesale segment is engaged in the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, Dunne Manning Stores LLC (DMS), CST Brands, Inc and subsidiaries (CST) and company operated retail sites.

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